KKR to invest $172 million in Cherwell

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Investment firm KKR is taking a larger stake in privately-held enterprise service management company Cherwell Software, through its Next Generation Technology Fund, which focuses on investments in software, security, Internet, digital media, and information services.

The latest investment will be in addition to KKR’s initial $50 million investment made in Cherwell in February 2017.

[Image courtesy: Cherwell Software]